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20121202
20121210
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
CNN
Dec 2, 2012 12:00pm PST
"your money." i wasn't waiting to focus on this major threat to the economy. i wish others had. it would have given us more time to fix this major problem. at least now there's a focus on one thing and one dangerous man. a man who is not elected. who has never run pour office and is standing in the way after potential economic disaster. he's the ideological godfather of the tea party. grover norquist has been the driving force behind the anti-tax movement. his goal, to take big government and, in his words, drown it in the bathtub. norquist's weapon is the taxpayer protection pledge, which was at one point signed by 95% of gop members of congress. >> can you raise your hand if you feel so strongly about not raising taxes? >> on the campaign trail this year, only one republican presidential candidate, jon huntsman, dared to cross him. norquist has clout. he's called the most powerful unelected man in america today. >> he signed a pledge, it's without congress. >> that pledge is for that congress. >> i'm not obligated on the pledge. >> republicans are jumping ship and supporting unsp
CNN
Dec 9, 2012 12:00pm PST
, right now, this is more politics than the economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recession, but that the global economy is teeterin
CNN
Dec 8, 2012 10:00am PST
recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things like growing debt, globalization, technology and our aging population. that speaks to something i have warned about repeatedly on the show. challenges to the u.s. economy are significant. they come from europe and asia, old infrastructure in the united states, massive debt. americans have a right to expect leaders to tackle large problem. as one of the leading authorities on financial crises, what do we do? >> i think this point that it's not just what happens this month how are we going to move forward, grow this economy because this problem of debt comes from our aging population. you talk about the
Search Results 0 to 3 of about 4 (some duplicates have been removed)